Japanese investor SoftBank Investment Advisors is in talks with Tata and Mahindra to buy stake in one of their subsidiaries.
Investor body CEO Rajiv Mishra said at an event that talks have been going on for the past six months and with a strong brand and offline sales network, there is a great opportunity to invest in both the groups.
Let us tell you that SoftBank has invested billions of dollars around the world, including Paytm. This news has come at a time when the Tata group is preparing to make a super app. According to a report, the Tata group is looking to raise up to USD 5 billion to build a super app that will help it compete with Amazon and Reliance Industries’ Jio Platforms.